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Central Depository Services Limited is planning to bring its Initial Public Offering very soon on the National Stock Exchange (NSE). An interested investor can go through all specific details of the IPO as Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc. This article will provide you all the important information about the IPO and the company i.e. CDSL.

Seeing the participation of the retail investors in the IPOs this year interested investors must prepare themselves in order to increase their chances of getting allotment.

Let us make it very clear that the allotment, in case of over subscription, is a game of probability. You as an investor must increase your odds in case you want to succeed in getting an allotment. Instead of bidding for multiple lots through one DP ID (Demat Account), try to put in as many bids from different Demat accounts.

For instance if you wish to bid 5 lots of CDSL, instead of doing it from 1 account try to do it from 5 different DP IDs. Today there are excellent brokers who do not charge recurring Annual Maintenance Charges who open an account in less than 24 hrs. One such broker is Elite Wealth Advisors.

The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for March 15, 2017 with a price band of Rs.113-115. The lot size of applying the IPO is for 130 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investors stood at Rs. 2 lacs.

Public offering of the firm is registered for 35,167,208 Equity shares of face value Rs. 10 each. The company plans to raise Rs. 404.42 crore through its IPO offering.

Company Profile:-

The company was incorporated on December 12, 1997 at Mumbai, India. It is a subsidiary of Bombay Stock Exchange. The company offers the depository services of securities in India.

Following are the services offered by the firm:-

Depository Participants and other capital market intermediaries: The firm facilitates here to open an account to dematerialize equity shares, preferences, shares, mutual fund units, debt instruments, government securities to make it easy for further trading.

Corporates: It is offering to issuers to credit securities to a shareholder’s or applicant’s Demat accounts to get the benefits of bonus issue, subdivision of holdings and conversion of securities in a merger, amalgamation or in an initial public offering.

Capital market intermediaries: The Company facilitates KYC services according to the clients in the Indian capital markets to capital market intermediaries including to mutual funds.

Insurance Companies: The firm provides a platform to hold insurance policies in electronic form to the holders of these insurance policies of different insurance firms.

Consistence profit on account of repeat business in multiple offerings in the Indian securities and financial Services market.

A leading securities depository firm with the highest share of incremental growth of BO accounts ;

Convenient and dependable depository services at competitive prices for a wide range of securities;

High Quality of IT infrastructures and resources;

Qualified and experienced senior management team.

Objects of the Issue:-

To get the benefits of listing the equity share on NSE

To increase its visibility and brand image.

To provide liquidity to its existing shareholders.

Summary of Issue:

Issue Open:-

19 June 2017 To 21 June 2017

Issue Type

Book Build Issue IPO

Issue Size (Shares)

35,167,208 Equity Shares

Issue Size in (Value)

Rs. 509.92 – Rs. 523.99 crore

Face Value

Rs. 10 Per Equity Share

Issue Price

Rs. 145 – Rs. 149 Per Equity Shares

Market lots

100 Shares

Minimum Investment

Rs. 14950

Listing At

NSE

Important dates for Central Depository Services IPO Allotment Status

The Allotment date for Central Depository Services IPO issue is expected on (to be updated)

The amount will get unblocked on (to be updated)

The Shares are expected to credited in DP accounts on (to be updated)

The Shares of Central Depository Services are to be listed (to be updated) on NSE.

Central Depository Services IPO Allotment Status

Central Depository Services IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

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Elite Wealth is a new generation wealth advisory and financial services company based out of Delhi that offers a wide range of solutions for individuals and institutions based on creative value-investing ideas. The strength lies in its customer-centric approach and a firm commitment to make your money work for you. Read More...